Gatecraft Gates Ltd - Filleted accounts

Registered number

06476251

Gatecraft Gates Ltd

Filleted Accounts

31 March 2026

Gatecraft Gates Ltd
Registered number:		06476251
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		2			2
Tangible assets	4		24,155			1,131
			24,157			1,133

Current assets
Stocks		16,370			20,000
Debtors	5	93,114			58,513
Cash at bank and in hand		-			48,718
		109,484			127,231

Creditors: amounts falling due within one year	6	(103,683)			(83,314)

Net current assets			5,801			43,917

Total assets less current liabilities			29,958			45,050

Creditors: amounts falling due after more than one year	7		(39,758)			(23,149)

Provisions for liabilities			-			(215)


Net (liabilities)/assets			(9,800)			21,686

Capital and reserves
Called up share capital			100			100
Profit and loss account			(9,900)			21,586

Shareholders' funds			(9,800)			21,686

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr R Wright
Director
Approved by the board on 20 October 2026

Gatecraft Gates Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance & 5 years straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							48,702
	At 31 March 2026							48,702

	Amortisation
	At 1 April 2025							48,700
	At 31 March 2026							48,700

	Net book value
	At 31 March 2026							2
	At 31 March 2025							2

	Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 April 2025							4,420
	Additions							24,978
	At 31 March 2026							29,398

	Depreciation
	At 1 April 2025							3,289
	Charge for the year							1,954
	At 31 March 2026							5,243

	Net book value
	At 31 March 2026							24,155
	At 31 March 2025							1,131


5	Debtors					2026		2025
£							£

	Trade debtors					48,351		35,052
	Deferred tax asset					7,143		-
	Other debtors					37,620		23,461
						93,114		58,513


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					16,552		5,556
	Obligations under finance lease and hire purchase contracts					4,256		-
	Trade creditors					81,500		44,772
	Other creditors					1,375		32,986
						103,683		83,314


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					20,693		23,149
	Obligations under finance lease and hire purchase contracts					19,065		-
						39,758		23,149


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr R Wright
	Directors loan	-		7,456		-		7,456
	The loan was repaid on the 7.4.2026
		-		7,456		-		7,456


9	Related party transactions

	Gatecraft Gates Ltd has intercompany transactions with Hammerbean Oak Ltd Co no 11218021 as an associated company.


10	Other information

	Gatecraft Gates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5 Lodge Farm
	Old Church Road
	Chelmsford
	Essex
	CM3 8BH